Boston Capital Corporation was a PIONEER in the affordable housing industry. Since our founding in 1974, we have navigated the GROWTH and EVOLUTION of this all important asset class. Today, through the power of Boston Capital Finance we provide construction-to-permanent financing on properties in the low-income housing tax credit sector. Our national lending footprint and seasoned underwriting team has a proven track record of SUCCESS.
IN-PLACE REHABILITATION
$21,500,000
$21.5 million permanent bond on 197 unit substantially renovated senior affordable community in Orlando, FL
$55,200,000
$55.2 million construction converting to a $45 million permanent bond commitment on a to-be-built family affordable property in Austin, TX
$10,000,000
$10 million construction converting to a $6 million permanent bond commitment on a 97 unit substantially renovated senior affordable project in Alachua County, Florida
$32,500,000
$32.5 million construction converting to a $14 million permanent bond commitment on a to-be-built family affordable project in San Diego, CA
$36,500,000
$36.5 million construction converting to a $36.5 million permanent bond commitment on a 263 unit to-be-built family affordable project in Miami, FL
$15,000,000
$15 million construction converting to a $12.75 million permanent bond commitment on a 102 unit to-be-built family affordable project in Charlotte, NC
4% Construction to Permanent Private Placement Bond Financing
Originate underwriting and services all in house
Ground up development or in place preservation
Non-agency throughout the borrowing and loan lifecycle
• BCF can offer true mezzanine (B-Bond) financing to partially fill any gaps in the sources and uses. The mezzanine piece will hyper-amortize and reduce the principal balance of the (A-Bond);
• All construction draw requests will be administered inhouse at BCF;
• Floating interest rate during construction; fixed interest rate (fixed at construction closing) for the life of the loan;
• In -House Paralegal to assist in the collection of Due Diligence and;
• Competitive interest rates with the ability to close in a more timely fashion than the typical agency execution.
9% Affordable Financing
$6,200,000
$6.2 million 30-month delayed permanent commitment on 67-unit new-construction affordable community in Branford, CT
$18,000,000
$18 million 30-month delayed permanent commitment on a 69- unit to-be-built family affordable community in Washington DC
$8,000,000
$8 million 30-month delayed permanent commitment on a 110- unit historic rehabilitation family affordable community in East Point, GA
REHABILITATION
$4,200,000
$4.2 million 30-month delayed permanent commitment on a 40- unit rehabilitation of a family affordable community
in Smithsburg, MD
$1,750,000
$1.75 million 30-month delayed permanent commitment on a 65- unit to-be-built family affordable communityin LakeCharles,LA
$2,700,000
$2.7 million 15-month delayed permanent commitment on a 50- unit to-be-built family affordable community in Lexington, NE
Originate underwriting and services all in house
Ground up development or in place preservation
Non-agency throughout the borrowing and loan lifecycle
- Unique opportunity to re-rate lock prior to funding which allows the borrower to benefit from declining interest rates. This may significantly improve the properties cash flow;
- Allows borrower to use its existing construction lender;
- BCF can offer an interest only option of one to three years post funding;
- All 9% loans have a 40-year amortization;
- BCF can rely on the construction lenders third party reports thus lowering the costs of transactions;
- In -House Paralegal to assist in the collection of Due Diligence and;
- Experienced with all major tax credit syndicators and banks.
